Universal Electronics (NASDAQ:UEIC) Major Shareholder Toro 18 Holdings Llc Sells 15,000 Shares of Stock

Key Points

• Toro 18 Holdings sold 15,000 Universal Electronics shares at an average price of $4.95, reducing its stake by 1.15% to 1,286,051 shares. The shareholder also sold additional shares in several recent transactions, including 200,000 shares on August 10.
• UEIC shares traded near $4.81, with the stock ranging from $2.69 to $5.99 over the past year. The company’s latest quarterly EPS of $0.34 exceeded estimates, although revenue of $73.24 million fell short of expectations.
• Universal Electronics declared a $0.24 special dividend payable October 15 to shareholders of record August 24. Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $4.25.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) major shareholder Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $4.95, for a total transaction of $74,250.00. Following the completion of the transaction, the insider directly owned 1,286,051 shares in the company, valued at $6,365,952.45. This represents a 1.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Toro 18 Holdings Llc also recently made the following trade(s):

• On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The stock was sold at an average price of $4.83, for a total value of $40,089.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The shares were sold at an average price of $5.25, for a total value of $228,879.00.
• On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Universal Electronics stock. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00.

Universal Electronics Price Performance

UEIC traded down $0.01 during midday trading on Wednesday, hitting $4.81. 46,070 shares of the company's stock traded hands, compared to its average volume of 88,557. The company has a market cap of $62.00 million, a PE ratio of -4.15 and a beta of 1.19. The stock's fifty day simple moving average is $4.63 and its 200-day simple moving average is $4.28. Universal Electronics Inc. has a one year low of $2.69 and a one year high of $5.99.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.03 by $0.31. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. The company had revenue of $73.24 million during the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date is Monday, August 24th.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UEIC shares. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $5.00 price target on shares of Universal Electronics in a research report on Friday, August 7th. Wall Street Zen lowered Universal Electronics from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $4.25.

Hedge Funds Weigh In On Universal Electronics

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Universal Electronics in the 2nd quarter valued at $1,860,000. Kent Lake PR LLC grew its holdings in Universal Electronics by 17.2% during the 2nd quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company's stock worth $8,345,000 after acquiring an additional 185,014 shares during the period. Ameriprise Financial Inc. grew its holdings in Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company's stock worth $5,796,000 after acquiring an additional 164,617 shares during the period. Peapod Lane Capital LLC raised its position in shares of Universal Electronics by 56.5% during the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company's stock valued at $1,645,000 after acquiring an additional 164,379 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Universal Electronics by 44.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company's stock valued at $867,000 after acquiring an additional 73,712 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company's stock.

About Universal Electronics

Universal Electronics Inc NASDAQ: UEIC is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.

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